1 year ago
Singapore Police said a "36-year-old" antheral was arrested Sept. 29 astatine the Changi airport, responding to a Reuters query connected the apprehension of Su Zhu, 1 of the founders of bankrupt crypto hedge money Three Arrows Capital (3AC).
Police did not uncover the sanction oregon supply further remark to Reuters. 3AC liquidator Teneo said past week that Zhu had been arrested, but metropolis officials haven't afloat confirmed the determination yet.
3AC's different co-founder, Kyle Davies, remains astatine ample and his determination remains unknown. Both founders are the taxable of a committal bid sentencing him to 4 months' imprisonment owed to nonaccomplishment to comply with a tribunal order.
Once 1 of the crypto industry's premier funds, 3AC mislaid billions of dollars aft a bid of atrocious trades and investments crossed 2021 and 2022, starring to the money shuttering and sending a ripple effect crossed the broader market. The money present owes creditors some $2.8 billion - and some Davies and Zhu person seemingly been connected the tally from applicable authorities since past year.
Edited by Parikshit Mishra.
English (US) 